Member Info for brochrock

Yesterdays drop was due to this.
https://www.bbc.co.uk/news/business-60680787

The problem is Governments in the West have penalised oil company from extracting new oil from the ground.
That's the problem we have here & that is the main reason we see oil so high.

Resistance is at 12p.

Up 10% & I am still not happy. LOL

Saying something that us PFC holders all know & should open the coal pits for 2-3 years until things get back to normal.

Can't let a bully get away with something like this. Although the Governments have some responsibility for this situation as well.

Yes. Its almost like they have reframed on purpose.
What is the point of having this cash pile for the company to be given away.
I mean 5% of the company bought and the share price has hardly moved.

Not much resistance between here and 12p.

I bought more.

And I going to buy more & more. LOL

Nope. I am not moving on. Entitled to be here like everybody else.
Even the ones claiming £54, nope , £12 nope, 7.70 nope & £4 nope!

isn't the share price supposed to go up in a takeover, or even a rumor of one ?

Dosen't look like one is going to happen.

Here is a link.
https://www.bbc.co.uk/news/business-60366054
"additional investment of approximately $11tn through 2050 would be required in both oil and natural gas development to meet the world's energy demand".

Well BP better hurry up and spend some £££ or the Government is going to take it. LOL.

No point investing just now. The shorts are increasing. Best to wait until they start covering??

They should buy their own shares for the treasury & use this for takeovers & the like.

Thanks for the response Ocelot. I have taken a small holding in LOOP earlier today after shadowing the share for a few months.

I am hoping that this correction is over with. Fingers crossed. I have also taken a small holding in TWD & SHG to add to my portfolio. Always small steps with new holdings.

Well I finally managed to get in at a good price after being on the side lines.

Sorry to hear that stranger. On a positive the share price is at support ATM.

Would you recommend wouldbe investers to buy or forget it, look elsewhere?

It just looks a bit negative for someone like me looking in from the outside.

Someone said this share is going to £54. More likely 54p.

Any kind of yearly dividend would be more appealing to wouldbe investors thus increasing the share price.